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Dec 27, 2012
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the house has already passed legislation to avoid the entire fiscal cliff. senate democrats have not. speaker boehner is in his home state of ohio today. the house gop leadershipship put out a statement yesterday saying the house has passed legislation extending existing tax cuts and putting -- delaying putting off some spending cuts and replacing them with other spending cuts, and they're urging the senate to do the same. jon? jon: molly henneberg there at the white house where we are getting down to the wire. thank you. for more on the efforts to keep the economy from heading over the cliff and the likelihood of reaching some kind of a deal in time, let's talk with susan -- [inaudible] chief congressional correspondent for the washington examiner. what are the chances here, susan? >> hi, jon. i think at this point we're just simply running out of time. we have only got a few days left. they're so far apart on what an agreement would look like. even if they weren't going to put together a comprehensive deal which everybody agrees there's simply not enough t
the house has already passed legislation to avoid the entire fiscal cliff. senate democrats have not. speaker boehner is in his home state of ohio today. the house gop leadershipship put out a statement yesterday saying the house has passed legislation extending existing tax cuts and putting -- delaying putting off some spending cuts and replacing them with other spending cuts, and they're urging the senate to do the same. jon? jon: molly henneberg there at the white house where we are getting...
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Jan 1, 2013
01/13
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government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> w
government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary...
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Dec 31, 2012
12/12
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government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> we
government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary...
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Dec 28, 2012
12/12
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maybe you can finger the fiscal cliff here. >> absolutely. the housing market is improving. that is actually something that should really support the economy going into next year. so the potential growth rate, if we were not talking about fiscal cliff or any adjustment at all would probably be quite high, higher than we've seen over the last years. could be in the rake of 3%. plus, that confidence impact that these negotiations are likely to have, and that means that the u.s. economy is still going to grow at relatively mediocre rate of probably 2% next year. that's our view. >> timothy geithner here in the past couple of days talking about the debt ceiling and what could be done to try to move that forward in a stable manner if you would. there's no way around it, right? do you think that's taken kind of a bargaining chip away from the fiscal cliff negotiations? >> there seems to be some politics behind this announcement right now as we hit the ceiling. as you make the calculations, it seemed to me as if they were only going to hit the ceiling in february or march next year
maybe you can finger the fiscal cliff here. >> absolutely. the housing market is improving. that is actually something that should really support the economy going into next year. so the potential growth rate, if we were not talking about fiscal cliff or any adjustment at all would probably be quite high, higher than we've seen over the last years. could be in the rake of 3%. plus, that confidence impact that these negotiations are likely to have, and that means that the u.s. economy is...
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Jan 1, 2013
01/13
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could go over the fiscal cliff.
could go over the fiscal cliff.
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Dec 28, 2012
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and announcement of a fiscal cliff meeting at the white house, and reversal of fortune. dow bounced back before finishing slightly lower. >>> the most popular american general since world war ii, and tributes are pouring in for stormin norman schwarzkopf. he testeam rolled the iraqi military is in 1991 gulf war, liberating kuwait. he may have been the perfect front man for the first war who played out live in your living rooms. barbara starr live at the pentagon. barba barbara, a great guy, but really great in front of the camera and able to use visuals of the first war to really explain to the american people what was going on. >> well, explain to the american people, and he also knew that saddam hussein and his iraqi generals were watching those press briefings. president obama today remembering norman schwarzkopf as an american original. a limited mission, get the iraqis out of kuwait, get the war done, go home. and he accomplish thad in des rt storm, commanding more than 700,000 coalition forces, more than 500,000 americans and an air and grown campaign that lasted b
and announcement of a fiscal cliff meeting at the white house, and reversal of fortune. dow bounced back before finishing slightly lower. >>> the most popular american general since world war ii, and tributes are pouring in for stormin norman schwarzkopf. he testeam rolled the iraqi military is in 1991 gulf war, liberating kuwait. he may have been the perfect front man for the first war who played out live in your living rooms. barbara starr live at the pentagon. barba barbara, a great...
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Dec 30, 2012
12/12
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if there's a fiscal cliff deal, you could see the markets rally. and on tuesday john boehner, the 113th congress is sworn in and john boehner is expected to be elected to his second term as house speaker by a vote in the house. we'll see if everyone plays nice in the sandbox and work together to solve the country's problems in 2013. if you're sitting down to breakfast, this bowl of cereal, that milk can get more expensive if a fiscal cliff deal is not reached. that gallon of milk might cost as much as $7. cnn's candy crowley spoke with secretary of agriculture tom vilsack. $7 milk? this is known as the dairy cliff, right? >> yes, it is. we've been so focused on other kinds of cliffs, but, in fact, because there is no farm bill, they revert back to some laws that were enacted in the 1940s. it would cause -- because milk won't be, if you will, propped up, it would cause milk prices too almost double, at least according to the agriculture secretary. they're working on a fix, something like that which hits consumers so hard. they'll notice that immedia
if there's a fiscal cliff deal, you could see the markets rally. and on tuesday john boehner, the 113th congress is sworn in and john boehner is expected to be elected to his second term as house speaker by a vote in the house. we'll see if everyone plays nice in the sandbox and work together to solve the country's problems in 2013. if you're sitting down to breakfast, this bowl of cereal, that milk can get more expensive if a fiscal cliff deal is not reached. that gallon of milk might cost as...
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Dec 28, 2012
12/12
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you're looking live at the white house with less than four days until we hit the so-called fiscal cliff. president obama summoned the house and senate and the meeting just got under way. if they cannot reach a deal, taxes go up on all of us. analyst warning the cutts could be devastates. the impact on all 1k, the dow down 94 points, the fourth or fifth straight day in a row the dow is down. down over 300 points over the past five days. let's get to mike emanuel on capitol hill. how much stock are lawmakers putting in the white house meeting? >> depends who you ask. some republicans expressed concern it may be for show, essentially going to the white house, having a big meeting that everybody's talking about for the appearances that they're doing something. other suggest it's critical because time is running out. >> the window may be ajar but it's not wide open. and unless it closes -- or opens entirely today and there's a deal, it's more likely to close than stay open. in other words, if we don't have a deal in the next 24 hours, the question is where do you buy a parachute. it looks li
you're looking live at the white house with less than four days until we hit the so-called fiscal cliff. president obama summoned the house and senate and the meeting just got under way. if they cannot reach a deal, taxes go up on all of us. analyst warning the cutts could be devastates. the impact on all 1k, the dow down 94 points, the fourth or fifth straight day in a row the dow is down. down over 300 points over the past five days. let's get to mike emanuel on capitol hill. how much stock...
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Dec 31, 2012
12/12
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go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be a part of kwame holman has the details. >> holman: we're tracking instagram with the hashtag "nye" to see how people around the world are ringing in 2013. tag yours tonight to be a part of our interactive map. on "ask larry," our social security sage offers tips on maximizing benefits for you and your spouse. and from our partners at kaiser health news, what the new health care law says about gun ownership. all that and more is on our web site, newshour.pbs.org. ray? >> suarez: and that's the newshour for tonight. on tuesday, we have an update on the ongoing recovery efforts in the devastating wake of hurricane sandy, plus a conversation with newly elected republican senator deb fisher of nebraska. i'm ray suarez. >> woodruff: and i'm judy
go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be a part of kwame holman has the details. >> holman: we're tracking instagram with the hashtag "nye" to see how people around the world are ringing in 2013. tag yours tonight to be a...
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Dec 31, 2012
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. >> we will keep you up-to-date with the fiscal cliff situation over the next few hours. we showed you athens a few minutes ago and the fireworks displays around the world have been heralding the start of the new year. north korea has joined other countries in having a pyrotechnics display. australia, china and russia are well into 2013. we are tracking the celebrations. >> residents in samoa were among the first to welcome 2013. these to be the last but a year ago, they jumped to the west of the international dateline. the spectacular start to the new year came in sydney harbour, launched by the australian superstar, kiley been no good. -- kylie minogue. 7 tons of fireworks filled the air above sydney harbour bridge. this city's style is rather different. john yang has held what for help -- it's believed to be the first public new year celebration in north korea. burma has joined the global party. ♪ >> the end of the year would not be complete without the viral pop hit, "gangnam style" being performed with great enthusiasm. while hong kong celebrate with a virtuous so
. >> we will keep you up-to-date with the fiscal cliff situation over the next few hours. we showed you athens a few minutes ago and the fireworks displays around the world have been heralding the start of the new year. north korea has joined other countries in having a pyrotechnics display. australia, china and russia are well into 2013. we are tracking the celebrations. >> residents in samoa were among the first to welcome 2013. these to be the last but a year ago, they jumped to...
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Dec 28, 2012
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but over in the capitol the lower house of congress remains dark to avert the fiscal cliff. it's republican leader will call the session on sunday. the top senate said his branch of congress must take the initiative on a compromise. >> it appears to me the action if there is any is now on the senate and we will have to see if we're able on a bipartisan to move forward. >> but the democrats say there can be no deal without republican concessions on tax increases. >> unless we get a sign-off from the republicans in the house, we can't get anything done. for them to talk about a bipartisan arrangement, we have done that. >> without a deal, the mediate effect would billion a tax hike. relief checks to $2 million -- 2 million onamericans would also cut, possibly triggers another major u.s. recession. >> things that you don't really need, you're not going to get. >> it will probably affect my finances in a huge way. >> it will affect my dad. my dad's 76 and he's already got his food stamps cut and his medicaid cut. i don't know how much more than can cut. >> half of all americans
but over in the capitol the lower house of congress remains dark to avert the fiscal cliff. it's republican leader will call the session on sunday. the top senate said his branch of congress must take the initiative on a compromise. >> it appears to me the action if there is any is now on the senate and we will have to see if we're able on a bipartisan to move forward. >> but the democrats say there can be no deal without republican concessions on tax increases. >> unless we...
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Jan 1, 2013
01/13
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president obama said a deal is in sight to stop america going over the so-called fiscal cliff. congress officials have said the house of representatives will not vote before midnight despite tense negotiations to get an agreement signed before midnight washington time. that will trigger a series of automatic spending cuts and tax hikes and could send the country back into recession. >> of america is staring into the economic unknown. there will be some real damage. there are some people deserving far better and we will be scrambling to find budget reductions in we can understand. >> we are upon the fiscal cliff. will we need to focus on is how we find that common ground. ira by -- i believe republicans and democrats alike want to put us on the course to fiscal discipline. >> we are running at a time. americans are threatened with a tax hike in just few hours. i hope we can keep in mind that our single most important goal is to protect middle-class families. >> democrats and republicans in congress have to get this done but they are not there yet. they are closed but not there y
president obama said a deal is in sight to stop america going over the so-called fiscal cliff. congress officials have said the house of representatives will not vote before midnight despite tense negotiations to get an agreement signed before midnight washington time. that will trigger a series of automatic spending cuts and tax hikes and could send the country back into recession. >> of america is staring into the economic unknown. there will be some real damage. there are some people...
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Dec 26, 2012
12/12
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economists say we could go into another recession if the fiscal cliff is not dealt with. we just learned house republicans convened a conference call with members to say be on 48 hours notice to come back to washington in the next few days to deal with this one way or another. the senate coming back into session tomorrow morning 10:00 a.m. eastern time. the president on this red eye will be flying basically overnight tonight into tomorrow, get there early in the day and maybe convene congressional leaders at some point. interesting that starbucks, the coffee company, is running a row motion in d.c. stores where the they're writing come together on the coffee cup. right now, they're a bit far apart. >> i heard you talk about that 78-degree cold front that swept through the islands. before he headed out, how did the president celebrate christmas? >> yeah, it's been rough. you're right. 78 degrees is probably better than where you are right now, but the bottom line is that hawaii is always beautiful this time and the president started a tradition when he comes out here for c
economists say we could go into another recession if the fiscal cliff is not dealt with. we just learned house republicans convened a conference call with members to say be on 48 hours notice to come back to washington in the next few days to deal with this one way or another. the senate coming back into session tomorrow morning 10:00 a.m. eastern time. the president on this red eye will be flying basically overnight tonight into tomorrow, get there early in the day and maybe convene...
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as the fiscal cliff approaches reuters reports republicans are aiming to vote today in the house on a plan which obama promptly says he would veto meanwhile phish has warned the u.s. could lose its aaa credit rating if washington doesn't get a deal to treat what we call economy now this may all feel like deja vu and maybe it will all turn out fine maybe it won't though where you want to place your bets we'll talk to the daily reckonings eric cry and joe bowman about their choices plus a german study finds paying taxes has a positive impact on a person's subjective well being no word on what the findings would bring in the west but if you are counting on taxation to make you feel like your quality of life is on the up and up state side one talk about some other economic options and the opec of maple syrup has been robbed millions of dollars worth of the hot commodity has been stolen from canada's maple syrup card. hell yes cartel i said mabel syrup cartel and those are not my words that's according to the new york times we'll talk about it in loose change let's get to today's capital a
as the fiscal cliff approaches reuters reports republicans are aiming to vote today in the house on a plan which obama promptly says he would veto meanwhile phish has warned the u.s. could lose its aaa credit rating if washington doesn't get a deal to treat what we call economy now this may all feel like deja vu and maybe it will all turn out fine maybe it won't though where you want to place your bets we'll talk to the daily reckonings eric cry and joe bowman about their choices plus a german...
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putting more pressure on house republicans to either pass the senate compromise on the fiscal cliff or kick the effort down the road to next congress. >>> it is a day of mourning in the ivory coast. and new year's celebration turned tragic early this morning when thousands tried to leave a fireworks show. more than 60 people were killed in the stampede. hundreds of others were injured. police say that most of the victims were children. a witness told reporters security forces showed up and tlig triggered panic. fireworks show was supposed to celebrate peace in the nation. >>> all flights in and out of syria's largest city are canceled tonight after clashes between the military and rebel forces. rebel leaders threatened to target all aircraft. they believed the syrian government is using commercial craft to bring in weapons. fighting intensified today in damascus suburb. syrian military claims to have killed rebels during an air attack there. today the president of the syrian council called on other countries to help in the rebel cause. >> i hope that the community -- exactly what has b
putting more pressure on house republicans to either pass the senate compromise on the fiscal cliff or kick the effort down the road to next congress. >>> it is a day of mourning in the ivory coast. and new year's celebration turned tragic early this morning when thousands tried to leave a fireworks show. more than 60 people were killed in the stampede. hundreds of others were injured. police say that most of the victims were children. a witness told reporters security forces showed up...
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Dec 24, 2012
12/12
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if we go over the fiscal cliff, suzanne, you've covered the white house. you know the president wouldn't be in hawaii while that happens. >> hopefully you can stay in hawaii, and but you knife to come back with him. we'll see. >> reporter: i think i'd be coming back. >> that's a shame. >>> it's a white christmas for some, and in some places it might be a problem. we're going to check the holiday forecast up next. >>> it's going to be a white and wild christmas in some places. this is stevens pass, washington. a stretch of highway he 2 was impassable because of heavy snow and wind. it caused major detours for holiday travelers. this is san francisco. rough surf and wind-driven rain making for some lousy christmas eve weather thanks to a second storm system hitting northern california causing major flight delays as well. millions, of course, are traveling today. how will the weather impact your travel? we'll bring in alexandre steele in the center. i'm here in d.c. without any holiday mess, but the mess is on its way, huh? >> it's coming right to the west of
if we go over the fiscal cliff, suzanne, you've covered the white house. you know the president wouldn't be in hawaii while that happens. >> hopefully you can stay in hawaii, and but you knife to come back with him. we'll see. >> reporter: i think i'd be coming back. >> that's a shame. >>> it's a white christmas for some, and in some places it might be a problem. we're going to check the holiday forecast up next. >>> it's going to be a white and wild...
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Dec 30, 2012
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in washington, down to the wire for the fiscal cliff. letsz than 48 hours for washington to make a deal. both houses of congress are meeting today in rare sunday sessions. the senate is convening at 1:00. the house an hour later at 2:00. the earliest we could see a vote is 6:30 p.m. eastern time. you can catch that live coverage of it right here on cnn. >>> to massachusetts now where a
in washington, down to the wire for the fiscal cliff. letsz than 48 hours for washington to make a deal. both houses of congress are meeting today in rare sunday sessions. the senate is convening at 1:00. the house an hour later at 2:00. the earliest we could see a vote is 6:30 p.m. eastern time. you can catch that live coverage of it right here on cnn. >>> to massachusetts now where a
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Dec 31, 2012
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if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes. >> in the upper house, the senate, sunday the leadership of both parties is putting together a watered-down deal to assure that taxed on americans making less than $200,000 per year don't go up. the president expressed both sides will have to accept compromise. >> there is a basic fairness at stake in this whole thing that the american people understand and they listened to an entire year's debate about it. they made a clear decision about the approach they prefer, which say balanced, responsible package. they rejected the notion that the economy grows best from the top down. they believe the economy grows best from the middle class out and at a certain point, you know, it is very important for republicans in congress to be willing to say we understand we're not going to get 100%, we are willing to compromise. >> if a deal can get through the democratically controlled senate it will put pressure on the republican-cro -- controlled house to vote it through
if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes. >> in the upper house, the senate, sunday the leadership of both parties is putting together a watered-down deal to assure that taxed on americans making less than $200,000 per year don't go up. the president expressed both sides will have to accept compromise. >> there is a basic fairness at stake in this whole thing that the american people understand and they listened to an...
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Dec 31, 2012
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all indications are the house will not vote on any fiscal cliff legislation tonight. here is how the potential deal stacks up. they will be taxed at 39.6%. up from 35%. tax on capital gain and individuals for $400,000 for individuals would increase to 20%. from 15%. the alternative minimum tax is permanently indexed to inflation. it has been annual patch. that would be permanent. the plan extent the child tax red earned income tax credit. up to $2,500 tax credit for collision tuition. unemployment benefit are extented for one year. same for the medicare doc fix and the social security payroll tax cut. reverse to rate of 6.2%. those are the deals as they stand right now. although things are developing and they could change. those looking to europe for inspir ration and coming up with american tax rates that target the rich may have to rethink the strategy based on a ruling by a french court. senior foreign affairs correspondent greg palkot has that story. >> proponents of the high taxes in france took a bit of a hit over the weekend. >> the french constitutional counci
all indications are the house will not vote on any fiscal cliff legislation tonight. here is how the potential deal stacks up. they will be taxed at 39.6%. up from 35%. tax on capital gain and individuals for $400,000 for individuals would increase to 20%. from 15%. the alternative minimum tax is permanently indexed to inflation. it has been annual patch. that would be permanent. the plan extent the child tax red earned income tax credit. up to $2,500 tax credit for collision tuition....
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Dec 24, 2012
12/12
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speaking of the fiscal cliff, talks on hold until after christmas and president obama and house speaker john boehner have not spoken since friday. lori: is there any hope for a deal? are you the last man there? >> a staff is here. the staff is in this but all eyes are on the senate when it returns this thursday to try and get a deal to avoid getting off a cliff the past friday before the president left for the holiday, he proposed a limited measure to avoid all of the cliff when speaker john boehner plan b. got scuttled. the president wants to extend the bush tax cuts and avoid some of the deep spending cuts. white house spokesperson says discussions continue between the administration and capitol hill. in july you may recall senate democrats passed an extension of the middle-class tax codes for the year. those folks making less than $250,000 per year at a cost of 157 billion. also passing the alternative minimum tax for $92 billion. mitch mcconnell is critical to hammering out a deal because he can filibuster any legislation, but his spokesman told me this morning nothing new to report
speaking of the fiscal cliff, talks on hold until after christmas and president obama and house speaker john boehner have not spoken since friday. lori: is there any hope for a deal? are you the last man there? >> a staff is here. the staff is in this but all eyes are on the senate when it returns this thursday to try and get a deal to avoid getting off a cliff the past friday before the president left for the holiday, he proposed a limited measure to avoid all of the cliff when speaker...
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Dec 27, 2012
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the house passed legislation to avoid the fiscal cliff. senate democrats have not. if the president and lawmakers cannot reach a deal in the next five days, automatic tax hikes and major spending cuts are set to kick in and economists warn that could trigger another recession. what else are we hearing from democrats on the hill? >> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked what do you think will pass? he said if you tell me what would attract republican support, i can tell you what would pass. if asked if he was optimistic, he said he was neither optimistic or pessimistic but was going back to talk to the president. the senate majority leader sounded frustrated with house republican leadership. >> american people i don't think understand the house of representatives is operating out the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >>
the house passed legislation to avoid the fiscal cliff. senate democrats have not. if the president and lawmakers cannot reach a deal in the next five days, automatic tax hikes and major spending cuts are set to kick in and economists warn that could trigger another recession. what else are we hearing from democrats on the hill? >> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked...
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Dec 29, 2012
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guest: the house is back to deal with the fiscal cliff bill. the hope to supporters of the sandy supplemental is the house would do something on the fiscal cliff package and somehow they could use that as an opportunity to get the sandy bill through. the chance for the fall supplemental to be passed before the end of the year, it will either be a smaller amount or they will not touch it at all. the senate will have to start over next year. host: raymond hernandez rights that leaders from the hurricane- battered region and urged the house to act. he says states need an infusion of aid to continue cleanup and rebuilding efforts. it sounds like an unusual move. all of these governors are working together as opposed to saying separately "this is what i need." guest: you have a lot of the personalities representing the victims of sandy. they have pulled together effectively after the first few weeks after the storm. they have generally been pushing the same direction. the problem the victims of sandy have in new jersey and new york is there represen
guest: the house is back to deal with the fiscal cliff bill. the hope to supporters of the sandy supplemental is the house would do something on the fiscal cliff package and somehow they could use that as an opportunity to get the sandy bill through. the chance for the fall supplemental to be passed before the end of the year, it will either be a smaller amount or they will not touch it at all. the senate will have to start over next year. host: raymond hernandez rights that leaders from the...
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Dec 26, 2012
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ye're now one week away from the so-called fiscal cliff. heven days for the white house and congressional leaders to reach a budget deal to avoid tax increases for nearly every american. president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat, is working on crafting legislation on his own that he would essentially dare house and senate republicans to oppose. his legislation would likely extend the bush-era tax cuts for households making less than 250,000 a year. it might also include enough short-term spending cuts to temporarily offset for, say, six or eight months, the indiscriminate across-the-board spending cuts that are set to go into effect on january 1. yis bill would also try to tie up some year-end loose ends by extending long-term unemployment benefits, patching the alternative minimum
ye're now one week away from the so-called fiscal cliff. heven days for the white house and congressional leaders to reach a budget deal to avoid tax increases for nearly every american. president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat,...
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Dec 27, 2012
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the house have already passed legislation to avoid the fiscal cliff. democrats have not. house republicans passed a bill a few months ago, in the manner they wanted extending the current tax rates. democrats a few months ago passed their preferred option letting taxes increase for families earning more than $250,000 a year so both sides are now on their opening position. even if lawmakers, congressional leaders work out a deal at the top level will take days probably for anything to get through the house and senate. tracy: just to be cleared john boehner said he would give him 48 hours notice will for they had to come back. if he calls them today they don't have to be back for 48 hours. >> right. they have a conference call, republican conference in 30 minutes to discuss their next move. they announced they are coming back, the earliest they would be back in session would be saturday but even if lawmakers are you there is no deal yet, the upper echelons of congressional leadership that would have them vote on anything so we are waiting for congressional leaders to work so
the house have already passed legislation to avoid the fiscal cliff. democrats have not. house republicans passed a bill a few months ago, in the manner they wanted extending the current tax rates. democrats a few months ago passed their preferred option letting taxes increase for families earning more than $250,000 a year so both sides are now on their opening position. even if lawmakers, congressional leaders work out a deal at the top level will take days probably for anything to get through...
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Dec 27, 2012
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cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the power to come together and make a difference in every season of the year." the president and speaker john boehner have not spoken in n
cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight...
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Dec 28, 2012
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a look at the countdown to the fiscal cliff, the guest will be a white house honor. home on a ship and the united states with tools author of american the nightmare how neighbor -- america undermines the negotiation nightmare. more from militia and townsman of the u. s economic research surfaced and heron radcliffe. coming up on c-span, a discussion on the history of the new york times. an examination report on the impact of student loans on parents. interviews with returning members of congress continue with senator been wilson of nebraska. >> you think of washington, 25 years before the civil war, what would you think? woody things lavery was well entrenched, black people were more in visual. white people were true and gift. that is actually not true as well. washington then had about 30,000 people of them. the majority of the black people in 18 him and >> what led to the first race riots in 1835 and what led did francis scott key play? the almost forgotten chapter in american history monday night at 8:00 eastern on four days of authors through new year's day on bo
a look at the countdown to the fiscal cliff, the guest will be a white house honor. home on a ship and the united states with tools author of american the nightmare how neighbor -- america undermines the negotiation nightmare. more from militia and townsman of the u. s economic research surfaced and heron radcliffe. coming up on c-span, a discussion on the history of the new york times. an examination report on the impact of student loans on parents. interviews with returning members of...
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Dec 27, 2012
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the house has already acted on a bill to avert the fiscal cliff. democrats have no intention of taking up that house bill, which would extend all of the tax cuts into 2013. the approximated says he's not going to do that. plus a senate democrat leader told me there is a possibility of extending tax cuts for those under $250 thoid, but turning off the automatic across the board budget cuts. that will be a temporary measure. and finally, president obama has returned from his vacation in hawaii to try to kick start those talks. but the white house officials tell me there are no signs of progress yet. they have to hope that when members come back to washington on the 27th, that is thursday wblg that both the president, democrats in the senate, republicans in the senate and then both parties in the house can come together on at least a short-term deal. back to you. >> a short-term deal. joining us now is tim stanley, a u.s. historian at oxford university. welcome. >> good morning. >> we've been following this together for the last several months. how do
the house has already acted on a bill to avert the fiscal cliff. democrats have no intention of taking up that house bill, which would extend all of the tax cuts into 2013. the approximated says he's not going to do that. plus a senate democrat leader told me there is a possibility of extending tax cuts for those under $250 thoid, but turning off the automatic across the board budget cuts. that will be a temporary measure. and finally, president obama has returned from his vacation in hawaii to...
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Jan 1, 2013
01/13
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is over the fiscal cliff. it has passed its first test in the senate with overwhelming support. >> of the house stands adjourned until noon tomorrow. >> but the key test to the agreement is whether it can pass here, the republican-controlled house of representatives. early on monday, president obama surrounded himself with middle- class families to make the point that it would be average americans who would be hardest hit by a failure to compromise. >> the agreement being worked on right now would further reduce the deficit by asking the wealthiest 2% of americans to pay higher taxes for the first time in two decades. that would add additional hundreds of billions of dollars to deficit reduction. so that is progress. but we will need to do more. >> but no one is claiming the bill is perfect. the sticking point is what to do about cuts in major government departments. the problem has been put off for now. on the taxation side, the president got nearly everything he wanted with republicans agreeing to raise taxe
is over the fiscal cliff. it has passed its first test in the senate with overwhelming support. >> of the house stands adjourned until noon tomorrow. >> but the key test to the agreement is whether it can pass here, the republican-controlled house of representatives. early on monday, president obama surrounded himself with middle- class families to make the point that it would be average americans who would be hardest hit by a failure to compromise. >> the agreement being...
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is teetering on the fiscal cliff with the president the senate and the house of representatives still no closer to a deal it is just days to go until taxes for americans across the board jump massively at the same time as spending plummets but activist and journalist on the bar says it's not the deadlock that bothers him but what has already been agreed. the real problem in my eyes is not the fact that they can't reach an agreement but rather that they have reached an agreement on many fundamental things the grievance they have reached is that neither of them are going to advocate to put more money in the hands of working people they have no problem whatsoever removing a trillion dollars or two trillion dollars from the economy and delivering it to the bankers they did that inside of twenty days back in two thousand and eight and again in two thousand and nine was very little discussion. everyone agrees on both sides of the aisle that sums sort of the reduction in benefits from social security and medicare is inevitable quote unquote well you know the rest of us don't believe that it'
is teetering on the fiscal cliff with the president the senate and the house of representatives still no closer to a deal it is just days to go until taxes for americans across the board jump massively at the same time as spending plummets but activist and journalist on the bar says it's not the deadlock that bothers him but what has already been agreed. the real problem in my eyes is not the fact that they can't reach an agreement but rather that they have reached an agreement on many...
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Dec 26, 2012
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cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the power to come together and make a difference in every season of the year." the president and speaker john boehner have not spoken in n
cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight...
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republicans cancel a vote on the fiscal cliff political disarray stock markets those were how the headlines read today when i came into work but is this just white noise we'll talk about signs of a broken market that go far beyond the day to day news purportedly moving them plus from market scandals to our very own we'll break down what you loved and hated this week and viewer feedback let's get to today's capital account. well the world didn't end today as some argue the mayan calendar predicted but this millennial error can at least teach us a thing or two about the pitfalls of prediction something fitting given the nature of financial forecasts and also fitting as our guest.
republicans cancel a vote on the fiscal cliff political disarray stock markets those were how the headlines read today when i came into work but is this just white noise we'll talk about signs of a broken market that go far beyond the day to day news purportedly moving them plus from market scandals to our very own we'll break down what you loved and hated this week and viewer feedback let's get to today's capital account. well the world didn't end today as some argue the mayan calendar...
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Dec 28, 2012
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the fiscal cliff. he went on to say the pressure on all sides is red hot right now to come up with a deal. heading into this meeting, republicans like lamar alexander are trying to push more pressure on the president than the republican leaders. take a listen. >> we need two words, presidential leadership on not just taxing rich people. we could tax all the rich people and can you it their heads off and it wouldn't help the medicare fiscal cliff. we need to do both and the president has to lead it. if he does, i'm ready to work with him and so are a lot of other republicans. >> reporter: now the white house response to all of that is that the president has been working to get a deal for weeks and weeks now, private negotiations with speaker john boehner and also phone calls. they believe inside the white house the resistance is that republicans do not want to raise tax rates. what we can expect from this meeting this afternoon is the president will push what is almost plan-c now. which is basically a m
the fiscal cliff. he went on to say the pressure on all sides is red hot right now to come up with a deal. heading into this meeting, republicans like lamar alexander are trying to push more pressure on the president than the republican leaders. take a listen. >> we need two words, presidential leadership on not just taxing rich people. we could tax all the rich people and can you it their heads off and it wouldn't help the medicare fiscal cliff. we need to do both and the president has...
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Jan 1, 2013
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with the deadline of the fiscal cliff only hours away. we failed to reach a reasonable compromise to move the economy forward and ward off painful tax hikes on the middle class. >> a lot of people feeling like in both the house and the senate this process could have been handled much better a long time ago with open hearings rather than having two people negotiate this deal at the last minute, trace. mike emanuel back to us on capitol hill. any updates as they come in. thank you. on this day in 1938, police tested the world's first
with the deadline of the fiscal cliff only hours away. we failed to reach a reasonable compromise to move the economy forward and ward off painful tax hikes on the middle class. >> a lot of people feeling like in both the house and the senate this process could have been handled much better a long time ago with open hearings rather than having two people negotiate this deal at the last minute, trace. mike emanuel back to us on capitol hill. any updates as they come in. thank you. on this...
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Dec 27, 2012
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house speaker john boehner says the onus to avoid the fiscal cliff is now on the senate. this is a new poll shows the american people are quickly losing faith that a deal will get struck. imagine that. there is some good economic news in the forecast for 2013, we'll have that for you, and some more good news, a silver lining in a battle against childhood obesity. that report ahead as well when harris faulkner and i see you at the top of the hour. "happening now." gregg: you're full of good news. jon: trying to be, you know. gregg: one good news story after another, jon scott. jon: you got people digging out of a blizzard today, you've got a fiscal cliff coming. we've got to have good news somewhere, gregg. gregg: we'll tune in for your good news. jon scott thank you very much. patti ann: back to the bad news a fierce winter storm leaving travelers stranded and causing a lot of trouble in the northeast after hitting other parts of the country ain't is still not over. the latest on the storm's path. >> people are still driving a little too fast for the conditions. >> you co
house speaker john boehner says the onus to avoid the fiscal cliff is now on the senate. this is a new poll shows the american people are quickly losing faith that a deal will get struck. imagine that. there is some good economic news in the forecast for 2013, we'll have that for you, and some more good news, a silver lining in a battle against childhood obesity. that report ahead as well when harris faulkner and i see you at the top of the hour. "happening now." gregg: you're full of...
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republicans cancel a vote on the fiscal cliff political disarray stock markets those were how the headlines read today when i came into work what is this just white noise we'll talk about signs of a broken market that go far beyond the day to day news purportedly moving them plus from market scandals to our very own we'll break down what you loved and hated this week and viewer feedback let's get to today's capital account. well the world didn't end today some argue the mayan calendar predicted but this millennial error can at least teach us a thing or two about the pitfalls of prediction something fitting given the nature of financial forecasts and also fitting as our guest references it in a small way in his two thousand and twelve year in review he writes this review every december and this year it covers the gamut from broken markets to broke students saddled with more debt than those charging up their credit cards it's out today you can read it chris martin sins website which is pretty peak prosperity dot com and you can hear him talk about it now on our show because david column is he
republicans cancel a vote on the fiscal cliff political disarray stock markets those were how the headlines read today when i came into work what is this just white noise we'll talk about signs of a broken market that go far beyond the day to day news purportedly moving them plus from market scandals to our very own we'll break down what you loved and hated this week and viewer feedback let's get to today's capital account. well the world didn't end today some argue the mayan calendar predicted...
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Dec 29, 2012
12/12
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house in order. >> are both parties determined to go over the fiscal cliff together? let's bring in our washington correspondent for more on this. what can you tell us about the meeting coming up in less than an hour? what will the president talking about with the republican leadership? >> there are only six people who really know what is going on, and what will really happen at the white house, and they will not talk, but i expect them to talk about higher taxes for the wealthy. are the republicans willing to accept that? they will also talk about entitlement spending cuts. are the democrats willing to accept that the government will spend less money? if this is the case, then they might find common ground. one important issue, of course, is going to be the members of the tea party. they are saying compromise is a bad word. of course, it will be difficult for them to find a compromise, to bring them into the boat. >> we had the meeting today. we have the special session on sunday. do you expect a compromise, or are we going over the cliff? >> this is really difficult
house in order. >> are both parties determined to go over the fiscal cliff together? let's bring in our washington correspondent for more on this. what can you tell us about the meeting coming up in less than an hour? what will the president talking about with the republican leadership? >> there are only six people who really know what is going on, and what will really happen at the white house, and they will not talk, but i expect them to talk about higher taxes for the wealthy....
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Dec 28, 2012
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we heard from the white house and congress about the fiscal cliff. here's a look at possible affects on homeownership if an agreement can't be reached. host: randal o'toole is a senior fellow at the cato institute in washington and is the author of this book on how government undermines the dream of home ownership. thanks for being with us. >> good morning. glad to be here. host: how does the government affect homeowners buying a home? guest: 45% of american housing is in states and urban areas that have severe land-use restrictions, urban growth boundaries to prevent urban sprawl. they have other kinds of restrictions such as onerous permitting processes that it takes up to five years to get a permit to build up to one house. that makes it very hard for builders to meet demand for housing. when that happens, housing prices become very expensive. homeownership rates dropped. the federal government has long had a policy of promoting home ownership. we have various subsidies for home ownership, but ironically, when the federal subsidies for home owners
we heard from the white house and congress about the fiscal cliff. here's a look at possible affects on homeownership if an agreement can't be reached. host: randal o'toole is a senior fellow at the cato institute in washington and is the author of this book on how government undermines the dream of home ownership. thanks for being with us. >> good morning. glad to be here. host: how does the government affect homeowners buying a home? guest: 45% of american housing is in states and urban...
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Dec 27, 2012
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in order for japan to put its fiscal house in order to, japan is launching a tax hike soon. there's one important condition for japan to do that. that is to observe stable growth by the time the taxes will be raised. this government, it has to be eager to boost its economy so that you can see an uptick of growth in the first half of next year. >> toyota is having its largest ever safety crisis, but it will cost more than a billion dollars. japanese automakers selling with customers in the u.s. will say that their vehicle suddenly exploded for no reason. about 16 million vehicles were sold between 1998 and 2010. investors are relieved the payout was not even bigger. shares ended the day a little in tokyo. -- up a little. israeli-arab politician is appealing to the supreme court after she was barrestole the american dream, thursday, 30 eastern, 7:00 p.m. pacific. >> welcome back. a reminder of our top stories. the international envoy to syria is calling for an international government with full powers to take over so elections can be held. the will go to moscow now, on saturda
in order for japan to put its fiscal house in order to, japan is launching a tax hike soon. there's one important condition for japan to do that. that is to observe stable growth by the time the taxes will be raised. this government, it has to be eager to boost its economy so that you can see an uptick of growth in the first half of next year. >> toyota is having its largest ever safety crisis, but it will cost more than a billion dollars. japanese automakers selling with customers in the...
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Dec 28, 2012
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shibani: fiscal cliff talks felt far and wide certainly in the pits of the cme. dennis: the year ending with positive news for the housing market but will washington pull the plug on its recovery? shibani: we will tell you what could be apple's latest products--and it wraps around your wrist. dennis: here's how the world's currencies are faring today. shibani: more positive news out of the housing sector, leading indicator of the housing market, pending home sales up in november for the record straight month now at a 2-1/2 year high, this data put out by the national association of realtors and i'm joined by chief economist lawrence unit. looking at the date of last couple months, housing prices are up, starts are up, and in home sales are up. is it fair to say that in 2012 warehousing market finally came alive? >> absolutely. furthermore things the going down our inventories, a number of foreclosures going down, based on the market. things that need to go up are going up and things that need to go down are going down and everything is moving in the right directi
shibani: fiscal cliff talks felt far and wide certainly in the pits of the cme. dennis: the year ending with positive news for the housing market but will washington pull the plug on its recovery? shibani: we will tell you what could be apple's latest products--and it wraps around your wrist. dennis: here's how the world's currencies are faring today. shibani: more positive news out of the housing sector, leading indicator of the housing market, pending home sales up in november for the record...
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Dec 31, 2012
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mike, where do the things stand in the fiscal cliff talks at this critical late-stage? >> reporter: gregg, there seems to be some hope that conversations between vice president joe biden and senator mitch mcconnell can produce a deal. aides say the two men spoke multiple times last night and will continue working toward a solution. mcconnell called the vice. president bush: after weighing 18 hours from senate majority leader harry reid who seemed to throw in the towel. >> there is still significant difference between two sides and negotiations continue. there is still time left to reach an agreement and we intend to continue negotiations. >> reporter: a big issue is what thresh do you continue the bush tax cuts. the democrats latest proposal, extend expiring tax rates for individuals with taxable income up to $360,000. and couples with income of about $450,000. senate republicans latest proposal allah taxes to rise on $450,000 for individuals and 550,000 for couples. republican aides say the democrats in the senate have not made any additional offers since saturday afte
mike, where do the things stand in the fiscal cliff talks at this critical late-stage? >> reporter: gregg, there seems to be some hope that conversations between vice president joe biden and senator mitch mcconnell can produce a deal. aides say the two men spoke multiple times last night and will continue working toward a solution. mcconnell called the vice. president bush: after weighing 18 hours from senate majority leader harry reid who seemed to throw in the towel. >> there is...
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Dec 28, 2012
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economy will go off the so- called "fiscal cliff." that's when automatic spending increases and cuts would take effect. reaching a deal won't be easy because both sides are involved in a high stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at wah he proposes but the truth is we are coming up against a hard deadline and as i said this is a conversation we should have had months ago. >> reporter: democrats want to extend the bush-era tax cuts to everyone except those americans making $250,000 or more a year. many republicans are against any tax increases. most americans just want something to be done. >> people are just tired of partisanship and they want everyone to come together. >> reporter: if lawmakers don't reach a deal by january 1, many economists are concerned it could eventually lead to a
economy will go off the so- called "fiscal cliff." that's when automatic spending increases and cuts would take effect. reaching a deal won't be easy because both sides are involved in a high stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to...
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as the fiscal cliff approaches reuters reports republicans are aiming to vote today in the house on a plan which obama probably says he would veto meanwhile bitch has warned the u.s. could lose its aaa credit rating if washington doesn't get a deal to treat what we call economy now this may all feel like deja vu and maybe it will all turn out fine maybe it won't though where you want to place your bets we'll talk to the daily reckoning.
as the fiscal cliff approaches reuters reports republicans are aiming to vote today in the house on a plan which obama probably says he would veto meanwhile bitch has warned the u.s. could lose its aaa credit rating if washington doesn't get a deal to treat what we call economy now this may all feel like deja vu and maybe it will all turn out fine maybe it won't though where you want to place your bets we'll talk to the daily reckoning.